3Chopt Investment Partners LLC Sells 21,757 Shares of PulteGroup, Inc. $PHM

3Chopt Investment Partners LLC reduced its stake in PulteGroup, Inc. (NYSE:PHM) by 89.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,456 shares of the construction company’s stock after selling 21,757 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in PulteGroup were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PHM. WPG Advisers LLC bought a new position in PulteGroup in the 1st quarter worth $25,000. Hager Investment Management Services LLC increased its stake in PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after buying an additional 105 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in PulteGroup in the 1st quarter worth $54,000. REAP Financial Group LLC increased its stake in PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after buying an additional 348 shares in the last quarter. Finally, Quarry LP increased its stake in PulteGroup by 43.8% in the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after buying an additional 174 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 1.2%

Shares of PulteGroup stock opened at $119.92 on Friday. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.36 and a beta of 1.29. The business has a 50-day moving average price of $130.52 and a 200-day moving average price of $112.93. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Equities research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is presently 6.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada increased their price target on PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Evercore ISI set a $154.00 price target on PulteGroup and gave the stock an “in-line” rating in a research note on Tuesday. Bank of America cut their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company increased their price target on PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. raised their price objective on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $136.92.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.